Posts by Yurie Miyazawa
JPMorgan appoints Kam Shing Kwang as new HK CEO: memo
JPMORGAN has appointed Kam Shing Kwang as its new Hong Kong CEO, succeeding Harshika Patel as she completes her term, an internal memo reviewed by Reuters on Friday shows. Kwang’s appointment will be effective from Oct 1. She will oversee local governance, coordination and controls, and reports to JPMorgan Asia chief executive Sjoerd Leenart, who…
Read MoreGold holds below 1-week high ahead of US jobs data, heads for weekly gain
GOLD held below a one-week high on Friday and was on track for a weekly gain, as market participants focused on US jobs data that could shape the size of an expected rate cut this month. Spot gold was little changed at US$2,516.00 per ounce as of 0221 GMT, after hitting a one-week high of…
Read MoreSingapore shares open lower on Friday; STI down 0.1%
Across the broader market, losers outnumber gainers 60 to 55 after 55.9 million securities worth S$48.5 million change hands SINGAPORE equities began Friday (Sep 6) in negative territory, tracking global losses overnight. As at 9.02 am, the Straits Times Index (STI) dipped 3.43 points or 0.1 per cent to 3,455.23. Across the broader market, losers…
Read MoreStocks to watch: Nio, UOB
THE following companies saw new developments that may affect trading of their securities on Friday (Sep 6):
Read MoreTelegram chief Durov blasts ‘surprising’ and ‘misguided’ French charges
TELEGRAM founder and chief executive Pavel Durov on Thursday hit out at France for arresting and charging him last month over the publication of extremist and illegal content on the popular messaging app. In a lengthy post on Telegram, his first comment since his arrest, Durov said it was “surprising” he was being held responsible…
Read MoreRate cuts may boost esoteric fund financing but its unfamiliarity to S-E Asia’s lenders may be an issue
New forms of financing could pop up with the expected cut in the US federal funds rate, but the region’s fund financing market is still small FUND finance 2.0 could get a boost from an expected cut in the United States’ federal funds rate next week, but market players also noted that South-east Asia’s lenders…
Read MoreRate cuts may put novel fund financing on the radar, but S-E Asia’s lenders need to up their game
FUND finance 2.0 could get a boost from an expected cut in the United States’ federal funds rate next week, but market players also noted that South-east Asia’s lenders are only just getting familiar with the more complex forms of private equity (PE) leverage. While subscription line financing is common, other forms such as net…
Read MoreTesla shares gain on plans to launch Full Self-Driving in Europe, China
TESLA shares rose more than 6 per cent on Thursday (Sep 5) after the electric automaker stuck to its plans to launch the Full Self-Driving (FSD) advanced driver assistance software in China and Europe pending approval from regulators. This comes about a month ahead of the company’s unveiling of its robotaxi product, “Cybercab”, underpinned by…
Read MoreUS: S&P 500, Dow open muted after mixed labour market data
The S&P 500 and the Dow were subdued at the open on Thursday (Sep 5) as investors parsed through mixed labour market data to gauge the size of the Federal Reserve’s interest rate cut that is expected later this month. The Dow Jones Industrial Average rose 81.4 points, or 0.20 per cent, at the open…
Read MoreOpec+ agrees to delay October oil output hike for two months: sources
OPEC+ has agreed to delay a planned oil output increase for October and November after crude prices hit their lowest in nine months, three sources from the producers’ group told Reuters on Thursday (Sep 5). Oil prices have been falling along with other asset classes on concerns about a weak global economy and soft data…
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